Press release
AI Processing Control Global Market Expected to Witness $23.77 Billion with Impressive Growth at a 12.9% CAGR By 2028 | Alphabet Inc., Siemens AG, Broadcom Inc., Salesforce Inc., ABB Ltd.
AI Processing Control Global Market
The Business Research Company presents an extensive market research report on the AI Processing Control Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ai processing control market size has grown exponentially in recent years. It will grow from $1.85 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 111.4%. The growth in the historic period can be attributed to rapid growth in ai adoption, increasing complexity of ai models, expansion of edge computing, growing data volumes, diversity of ai workloads.
The ai processing control market size is expected to see exponential growth in the next few years. It will grow to $77.18 billion in 2028 at a compound annual growth rate (CAGR) of 110.8%. The growth in the forecast period can be attributed to focus on energy efficiency, proliferation of ai at the edge, rise of ai-as-a-service, integration with 5g networks, adoption of hybrid and multi-cloud architectures. Major trends in the forecast period include technological advancements in hardware, edge computing integration, cybersecurity integration, continuous learning algorithms, interoperability standards.
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Key Market Players:
Major companies operating in the ai processing control market report are Alphabet Inc., Microsoft Corporation, Amazon Web Services, Siemens AG, International Business Machines Corporation, Schneider Electric SE, Broadcom Inc, Salesforce Inc., ABB Ltd., Rockwell Automation, Yokogawa Electric Corporation, Databricks Inc., UiPath, Appian Corporation, DeepMind Technologies Limited, Automation Anywhere, Beyond Limits, SS&C Blue Prism, DataRobot Inc., Bright Machines, Dataiku, Synergies Intelligent Systems, Aquifi, H2O.ai, Tignis, ZymbianZ, Tonkean
Market Drivers:
The growing demand for robotics in industries is expected to boost the growth of the AI processing control market going forward. Robotics is a multidisciplinary field of study and engineering that involves robot design, construction, operation, and use. AI process control empowers robots to dynamically learn, adapt, and enhance their performance by utilizing machine learning algorithms, allowing them to continuously improve based on environmental data and experiences, a crucial capability for addressing diverse tasks and scenarios. For instance, in October 2022, according to a report published by the International Federation of Robotics, a Germany-based non-profit organization, 517,385 new industrial robots were installed in 2021, representing a 31% growth rate compared to the previous year. Further, Asia accounted for the majority, installing 74% of the world's newly deployed robots during the same period. Therefore, the growing demand for robotics in industries is driving the growth of the AI processing control market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/ai-processing-control-global-market-report
The ai processing control market covered in this report is segmented -
1) By Deployment Mode: Cloud, On-premises
2) By Application: Forecasts And Prescriptive Models, Chatbots, Speech Recognition, Text Recognition, Other Applications
3) By End User: Manufacturing, Healthcare, Banking, Financial Services and Insurance (BFSI), Research And Academia, Transportation, Retail And E-commerce, Other End Users
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